An article in the Wall Street Journal refers to Germanys current-account surplus, a measure of excess savings

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An article in the Wall Street Journal refers to “Germany’s current-account surplus, a measure of excess savings in the economy.”

a. What does “excess saving” in an economy refer to?

b. Do you agree that a country’s current account surplus is a measure of the country’s excess saving? Briefly explain.

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Oct 17, 2023 09:36 AM

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An article in the Wall Street Journal refers to Germanys current-account surplus, a measure of excess savings

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a Excess saving in an economy refers to a situation where a countrys residents and entities are savi...View the full answer

Economics

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